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7 Altcoins To Dodge In Next Week’s Trades

Published

10 months ago

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The cryptocurrency realm braces for yet another dynamic shift in the prices of certain altcoins as massive token unlocks loom over the horizon.

Token unlocks refer to the phenomenon wherein previously locked tokens are released into the market, thus hampering supply dynamics. Massive unlocks can potentially be a potentially bearish encounter for altcoins as supply mounts up in the market.

Here’s a quick overview of some cryptocurrencies that are poised to take the heat of such unlocks in the upcoming week.

7 Altcoins To Avoid Trading Next Week

According to the insights streamlined by the Token Unlocks App, seven ‘cliff unlocks’ will happen in the coming seven days, releasing $237.46 million worth of cryptos into the market. The altcoins that stand to bore the brunt include:

Aptos (APT)

Aptos (APT) will experience a token unlock of 11.31 million APT coins, worth $96.36 million, on June 12. This totals 2.58% of the coin’s circulating supply.

APT’s price already slipped 8% to $8.39 over the past day. The token could further witness bearishness as supply increases with such unlocks.

Starknet (STRK)

Starknet (STRK) stands firm to face the unlock of 64 million STRK coins, worth $76.16 million, on June 15. The amount was evaluated to be 4.92% of the total circulating supply.

Meanwhile, STRK price slipped 11.21% to $1.17 today, making it a bearish coin to trade this week.

Immutable (IMX)

Immutable (IMX) is to witness a token unlock of 25.53 million coins, worth $53.36 million, on June 14. This totals to be 1.72% of the coin’s circulating supply.

IMX fell 7.83% over the past day to $2.05, whereas further supply gains might push the price further down.

CYBER

CYBER will experience a token unlock of 886.12K tokens, worth $7.47 million, on June 14. This equals 3.96% of the crypto’s circulating supply.

Even CYBER’s price tumbled 7.04% to $8.45 in the past 24 hours.

dydx (DYDX)

Another altcoin on the list, DYDX, will witness the unlocking of 1.55 million coins, worth $2.94 million, on June 11. This is equivalent to 0.55% of the circulating supply.

DYDX price plunged 11.39% from yesterday to $1.90.

Moonbeam (GLMR)

Moonbeam’s token unlock consists of 3.04 million coins, worth approximately $950K, set to occur on June 11. This amount is relatively less than that of other coins, as it totals only 0.35% of the circulating supply.

Nonetheless, GLMR price saw a 9.04% decline to $0.3063.

Also read: Binance Exec’s Wife Criticizes US Delayed Response In Nigeria Trial

1inch (1INCH)

Lastly, 1inch will witness a 36.43K tokens unlock on June 9, worth $17.45K. This totals 0.06% of the coin’s circulating supply.

1INCH price fell 2.19% to $0.4798 over the past day.

Besides, it’s also worth mentioning that altcoins’ tumbled price action mirrors the broader crypto market’s movement.

Also Read: Ethereum Foundation Wallet Deposits $56 Million in ETH on Kraken, ETH Price Drop Soon?

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Altcoin

Will XRP, SOL, ADA Make the List?

Published

6 minutes ago

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April 1, 2025

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The US government’s strategic crypto reserve has been a hot topic of discussion, sparking expert opinions and debates. While President Donald Trump has already signed an executive order for a Bitcoin reserve, the fate of XRP, SOL, and ADA hangs in balance. However, the Trump administration’s upcoming disclosure of its crypto holdings is expected to bring clarity to the inclusion of altcoins in the US reserve.

Notably, the US Department of the Treasury and other government agencies are expected to expose their Bitcoin and other crypto holdings this week. Let’s unveil this crucial move’s potential implications on the US crypto and financial landscapes.

US Government To Disclose BTC and Crypto Holdings

In a recent X post, Bitcoin Magazine CEO David Bailey unveiled a crucial event on April 5, 2025, which is poised to revolutionize the US financial economy. According to Bailey’s post, the US government is set to complete a comprehensive audit of the country’s Bitcoin holdings this Saturday. Bailey said, “Depending on what we learn, might answer many of the open questions about the recent price action.”

The upcoming audit will provide a detailed inventory of the government’s Bitcoin portfolio, held across federal agencies. It will also provide insights into the collection of other cryptocurrencies like XRP, SOL, and ADA. Thus, this audit could also provide clarity into the possibility of including these altcoins in the US crypto reserve.

How Will the Audit Impact the US Crypto Reserve?

For context, President Donald Trump proposed a strategic crypto reserve to include XRP, ADA, and SOL in the US reserve. This development came amid growing speculations of the adoption of Bitcoin as a reserve asset.

Significantly, Trump’s move invoked criticism, with Bitcoin maximalists questioning the legitimacy of other cryptocurrencies to be a national reserve.

Though Trump signed an executive order for establishing a BTC reserve, there is still uncertainty surrounding the altcoin reserve. However, the US government’s decision to reveal its crypto holdings could bring transparency and clarity to the nation’s digital assets. The audit may also shed light on the potential developments within the government and its decision on altcoin reserves.

US Government’s BTC Holdings: A Closer Look

According to Arkham Intelligence data, the US government currently boasts a total of 198,012 BTC worth around $16 billion. As per crypto czar David Sacks’ statement, the US government has seized approximately 400,000 Bitcoin through civil and criminal asset forfeitures over the past decade.

Though the US government’s Bitcoin holdings are well-documented, its altcoin portfolio is still shrouded in uncertainty. Nonetheless, experts believe that the audit has the potential to clarify the government’s altcoin holdings and reserve management strategies.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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A Make or Break Situation As Ripple Crypto Flirts Around $2

Published

7 hours ago

on

April 1, 2025

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XRP price has come under strong selling pressure with more than 13% drop on the weekly chart, and is currently facing a make-or-break situation, flirting around $2 level. Following yesterday’s low at $2.03, the Ripple crypto has seen a brief bounce back above $2.11, however, it remains to be seen whether this bullish sentiment can sustain moving ahead from here onwards.

XRP Price Faces Crucial Test as MVRV Indicator Tanks

The Market Value to Realized Value (MVRV) ratio for XRP has dropped below its 200-day moving average, a key indicator that could suggest a macro trend shift in price action, reported crypto analyst Ali Martinez.

Source: Ali Martinez

This crossover is often seen as a bearish signal, indicating that XRP price may be entering a new phase of market movement. Analysts are closely observing whether this dip is the start of a broader downtrend or signals a potential accumulation phase for investors. However, market analysts are hopeful of the 125% in XRP options trading volumes, with some expecting a potential bounce back to $2.5.

Ripple Crypto In A Make-or-Break Situation

As of press time, the XRP price is showing signs of recovery from yesterday’s bottom at $2.03 with daily trading volumes pumping 35% to more than $4.0 billion. However, per the Coinglass data, the XRP futures open interest is showing mild movement at 0.7%, showing no clear directional signs.

XRP has rebounded from the $2.03 support level and is moving upward, however, a sustained breakout above the trendline resistance of $2.30 is crucial to target $2.91.

Source: Trading View

If XRP fails to hold above $2.03, major support levels are positioned at $1.79 and $1.56, which could determine the next directional move. Traders are closely watching price action for confirmation of a bullish breakout or potential downside risk. If the Ripple crypto defends $2, some market analysts are predicting a 600% XRP rally from here.

Will Ripple Lawsuit Delay Play the Spoilsport?

Despite Ripple and US SEC agreeing on no further cross appeal in the XRP lawsuit, chances of an imminent settlement in this case seem low. An XRP advocate recently suggested that the SEC would not issue an official announcement regarding the XRP lawsuit until August 7, citing a court ruling as the basis for the claim.

However, former SEC attorney Marc Fagel dismissed the assertion, calling it “stupid and wrong,” sparking debate within the crypto community.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Charles Hoskinson Reveals How Cardano Will Boost Bitcoin’s Adoption

Published

15 hours ago

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March 31, 2025

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Cardano founder Charles Hoskinson says the network will play a key role in Bitcoin DeFi transactions in the future. With several partnerships and innovations in the works, Hoskinson says Cardano is bracing itself to explore layer 2 solutions on the Bitcoin blockchain,

Cardano Positions Itself For Bitcoin DeFi

In an interview with Scott Melker, Cardano’s founder has revealed ambitious plans for the network to turbocharge Bitcoin’s adoption for DeFi applications. Hoskinson notes that large financial institutions will trigger a demand for Bitcoin DeFi given their fiduciary obligation to create yield.

He notes that a Bitcoin ETF providing DeFi yields will trigger shareholders to demand similar yields. Hoskinson eyes a three-year timeframe for institutions to plant their feet in Bitcoin DeFi and UTXO DeFi.

Hoskinson says Cardano will combine Hydra with the Bitcoin Lightning network and build a trustless recursive bridge between both networks. The founder adds that its Aiken programming language will enabled to write both Bitcoin and Cardano scripts.

Furthermore, a partnership with Maestro, an infrastructure provider allowing Bitcoin integration with UTXO-based blockchain will provide a “turn-key experience” for users.

“It’s still early days but we are making methodical progress every step of the way,” said Hoskinson.

Hoskinson is moving on from his absence from the Crypto Summit at the White House, doubling down on technical innovation. He notes that the Bitcoin-focused plays by Cardano will not adversely affect the network’s road map.

Is Bitcoin Ready For DeFi Applications?

Hoskinson revealed in the interview that Bitcoin is ready for DeFi utility following the Taproot and the Lightning Network advancements. According to the founder, Taproot added programmability features to the Bitcoin network and Cardano will push the frontiers.

He adds that Cardano will enable Bitcoin users to engage in DeFi transactions while transacting with only BTC. Hoskinson says a merger between Bitcoin is enough to make Cardano’s DeFi significantly larger than Ethereum and Solana combined.

While the integration will send Cardano price soaring, ADA wallows at $0,6611 after losing 10% in a week. However, traders are targeting an ADA pump in May following the forming of a cyclical pattern.

An analyst argues that a price rally to $10 is not a crazy prediction given a streak of solid fundamentals and partnerships for Cardano.

 

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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